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Full-Text Articles in Econometrics
Profitability, Uncertainty And Multi-Product Firm Product Proliferation: The Spanish Car Industry, Xosé-Luís Varela-Irimia
Profitability, Uncertainty And Multi-Product Firm Product Proliferation: The Spanish Car Industry, Xosé-Luís Varela-Irimia
Xosé-Luís Varela-Irimia
This article studies how product introduction decisions relate to profitability and uncertainty in the context of multi-product firms and product differentiation. These two features, common to many modern industries, have received little attention in the literature as compared to the classical problem of firm entry, even if the determinants of firm and product entry are quite different. The theoretical predictions about the sign of the impact of uncertainty on product entry are not conclusive. Therefore, an econometric model relating firms’ product introduction decisions with profitability and profit uncertainty is proposed. Firm’s estimated profits are obtained from a structural model of …
A Descriptive Analysis Of The Spanish Automobile Market In The 1990'S, Xosé-Luís Varela-Irimia
A Descriptive Analysis Of The Spanish Automobile Market In The 1990'S, Xosé-Luís Varela-Irimia
Xosé-Luís Varela-Irimia
This paper provides an overview of the automobile market in Spain during the 1990's, from the point of view of quality improvement and new product commercialization trends.